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The Honolulu Advertiser

Updated at 1:40 p.m., Wednesday, November 28, 2007

Hawaiian Air to spend $4.4B on 24 new Airbus jets

BY Rick Daysog
Advertiser Staff Writer

Hawaiian Airlines said today it will invest up to $4.4 billion to acquire 24 new Airbus wide-body jets, in a deal that will give the company the capability to fly directly to Europe, Asia and other new long-range routes.

The state's largest airline said the new aircraft will be purchased over the next decade and will replace its existing fleet of 18 Boeing jets, which are used on its transpacific routes.

Hawaiian said the new aircraft will allow the company to open new routes to more distant markets on a nonstop basis from Hawai'i.

Mark Dunkerley, Hawaiian's chief executive officer, said the deal with Airbus and engine maker Rolls-Royce includes an option to lease additional jets from Airbus.

"These agreements with Airbus and Rolls-Royce are important steps in a long-range fleet plan that provides not only for fleet renewal, but also for growth in our business," Dunkerley said.